Forum Views ()
Forum Replies ()
Read more with google mobile :
Analysis: Summer to test Japan resolve over nuclear power
|
Edition:
U.S.
Article
Comments (0)
Interactive
Full Focus
Editor's choice
A selection of our top photos from the past 24 hours. Full Article
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Casey Anthony will be released from jail July 17
|
07 Jul 2011
Suspect in 7 murders kills himself, hostages safe
12:45am EDT
Texas fight with EPA grows with power-plant rule
07 Jul 2011
Internet providers to act against online pirates
07 Jul 2011
China warns U.S. officials not to meet Dalai Lama
07 Jul 2011
Discussed
210
Minnesota government shutdown begins after talks fail
132
Obama: ending tax breaks required to cut deficit
99
Jury resumes deliberations in Casey Anthony murder trial
Watched
Mobile harbor delivers the goods for container ships at sea
Wed, Jul 6 2011
A Tokyo-Paris flight in under three hours on the horizon
Fri, Jun 24 2011
Skyping on Facebook
Wed, Jul 6 2011
Analysis: Summer to test Japan resolve over nuclear power
Tweet
Share this
Email
Print
Related News
Japan's Shikoku Electric delays restart of nuke reactor
12:09am EDT
Analysis & Opinion
Undead Tepco echoes U.S. housing zombies
Energy mergers frenzy takes a pause — temporarily
Related Topics
World »
Science »
Japan »
Nuclear Power »
Related Interactive
Disaster in Japan
Trial fitting of the cover for Tokyo Electric Power Co. (TEPCO)'s Fukushima Daiichi nuclear power plant's No. 1 reactor is pictured at Onahama port in Iwaki in Fukushima prefecture, northern Japan, on June 24, 2011 in this handout photo released on July 7, 2011. Picture taken June 24, 2011.
Credit: Reuters/Tokyo Electric Power Co/Handout
By Tomasz Janowski
TOKYO |
Fri Jul 8, 2011 12:09am EDT
TOKYO (Reuters) - Two months of baking heat will test Japan's resolve to wean itself off nuclear power and show whether an energy-saving drive set off by meltdowns at the Fukushima plant will bring lasting efficiency gains the way the 1970s oil crisis did.
There are some signs that there is no going back to the pre-March 11 status quo as businesses and consumers change behavior in ways that will last beyond the summer electricity crunch.
Japan's immediate challenge is to avoid disruptive power blackouts in July and August when air conditioners work in overdrive and energy demand peaks. Most of the country's nuclear reactors will be shut.
Utilities' forecasts of supply and demand suggest Japan should just scrape through with voluntary and government-ordered power savings. Companies are changing work schedules to spread out demand, turning off lights and elevators and adopting a more casual dress code that allows people to keep cooler.
The Bank of Japan and many private economists also believe that losses in output can be avoided as companies aim to cut their peak usage by 15 percent without denting production.
The big question is what will happen after the summer.
The radiation crisis triggered by the March 11 earthquake and tsunami shattered the nation's trust in nuclear energy.
A poll last month showed nearly 70 percent of Japanese opposed restarting reactors currently shut for maintenance.
Out of 54 reactors, 35 are off-line and the remaining 19 are scheduled for inspection by April 2012. If those now idled did not restart it would lead to a complete shutdown of the sector, which used to supply nearly a third of Japan's energy, by next spring.
The government is desperate to avoid that even as it says reducing reliance on nuclear power is inevitable.
POINT OF NO RETURN
Fukushima operator Tokyo Electric Power and other power utilities may hope the tide of public opinion will swing back in their favor.
The official weather agency sees a 50 percent chance that July will be hotter than normal, while August is forecast as average, meaning maximum temperatures in parts of Japan will be above 30 degrees Celsius.
The sweltering heat, reports that heat strokes are on the rise and fears of shortages when demand soars again in winter may erode public resistance to restarting nuclear reactors.
Analysts doubt it. They say the Fukushima crisis is such a deep scar on the nation's conscience that a return to the pre-disaster status quo is impossible.
"Given the scale of damage at Fukushima, sentiment isn't likely to swing back in favor of nuclear power soon," said Shuji Tonouchi, senior fixed income strategist at Mitsubishi UFJ Morgan Stanley Securities.
Some analysts even suspect some utilities may be overstating the risk of blackouts to make the case for sticking with nuclear power.
Politicians from both the ruling party and the opposition, often seen as hopelessly out of touch, appear to recognize there is no turning back.
Unpopular Prime Minister Naoto Kan, who has promised to resign but fudged when he will actually go, has embraced a bill on renewable energy as his pet project.
The opposition Liberal Democratic Party -- which during half a century of nearly uninterrupted rule had championed nuclear power as a cheap, reliable and clean alternative to the fuels that resource-poor Japan must import -- is also changing tack.
"Our party does not feel our past nuclear policy was wrong as it allowed the industry access to affordable electricity that enabled the economy to grow," Yasutoshi Nishimura, LDP's shadow energy and trade minister told Reuters this week.
"But we were not expecting such a disaster and feel strongly responsible for not anticipating such an event to happen."
Kan's government has said Japan should boost the share or renewable energy in its energy mix to more than 20 percent by the 2020s from about 10 percent now, while reducing reliance on nuclear energy.
Earlier plans talked about boosting the share of nuclear power to more than 50 percent by 2030.
The government has yet to produce a specific plan, but dozens of communities across Japan, including those that have for years depended on nuclear plants for jobs, tax revenues and subsidies, are already trying to diversify into solar, hydro and wind energy.
Indeed, there are about 80 Japanese communities judged to be producing enough energy from renewable resources to cover demand from households and small businesses. Many have seen a surge in visits from researches and government officials looking to emulate their success on a bigger scale.
INDUSTRY RESPONDS
Japanese industry reached energy efficiency unparalleled among major industrial nations after the 1970s Arab oil embargo exposed the West's reliance on oil to power their economies.
After the nuclear shock this year, Japanese firms are again thinking ahead to an era of less affordable and reliable energy supply.
While there is a risk that some manufacturers may shift operations abroad, speeding up the "hollowing out" of Japan's manufacturing, others are taking steps to conserve energy that will last beyond summer or developing new technologies that address Japan's energy insecurity.
For example, Japanese automakers including Mitsubishi Motors, Nissan Motor and Toyota Motor Corp are looking to develop a function that would enable electric vehicles to discharge electricity directly to homes.
That would allow households equipped with solar panels to charge their vehicles during the day and then use the power stored in the car's batteries to supply the household at peak hours.
Companies are also taking steps that aim to cut their energy bills in the long-run, not just during the peak season.
Electronics giant Panasonic last week established a "corporate electricity saving division."
Retailer Seven & I Holdings, which operates more than 13,000 Seven-Eleven convenience shops in Japan, plans to switch to energy-efficient LED lighting at thousands of its stores. It will set up solar panels at some.
Households are also doing their part, snapping up energy-saving appliances.
Japan's No.2 retailer Aeon Co said on Wednesday sales of electric fans in March-May soared five times over last year and air conditioners were also selling well as consumers switched to newer, more efficient units.
There are also investors willing to bet on payoffs of Japan's energy retooling. Shares of NEC Corp scaled 3- month highs this week on news it would start selling home power batteries that will let households better manage their electricity use.
(Additional reporting by Stanley White, Leika Kihara, Chang-Ran Kim, Isabel Reynolds and James Topham)
World
Science
Japan
Nuclear Power
Related Quotes and News
Company
Price
Related News
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Social Stream (What's this?)
© Copyright 2011 Thomson Reuters
Editorial Editions:
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
United States
Reuters
Contact Us
Advertise With Us
Help
Journalism Handbook
Archive
Site Index
Video Index
Reader Feedback
Mobile
Newsletters
RSS
Podcasts
Widgets
Your View
Analyst Research
Thomson Reuters
Copyright
Disclaimer
Privacy
Professional Products
Professional Products Support
Financial Products
About Thomson Reuters
Careers
Online Products
Acquisitions Monthly
Buyouts
Venture Capital Journal
International Financing Review
Project Finance International
PEhub.com
PE Week
FindLaw
Super Lawyers Attorney Rating Service
Reuters on Facebook
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Other News on Friday, 8 July 2011 Venezuela's Chavez says surgery forces slower pace
|
ADP payroll report: Private sector employers created 157,000 jobs in June
Any force deal with Iraq must address Iran: Mullen
|
Ricky Martin hopes to add a daughter to his brood; see same-sex marriage legal in Puerto Rico
Congress considers resetting Russian relations
Microalgae could be Texas' next cashcrop
Lee Westwood grabs share of lead at Scottish Open
Iraqi PM Maliki criticises Sunni secession talk
|
Staten Island mosquitoes found carrying West Nile virus
Israelis say U.N. report on Gaza flotilla to appear soon
|
U.S. considers Palestinians statehood talks with U.N. a bad idea
Gwyneth Paltrow refuses to eat from canned foods
Cuba sets appeal hearing for jailed American
|
Taiwan test fires submarine launched missile
Analysis: Protests punish Pinera, but Chile economy seen safe
|
John Twomey and crew continue Irish qualification bid, sail in top 10 of IFDS Worlds
RIM says adds 1 million EMEA subscribers in 3 weeks
|
Court OKs TerreStar's $1.38 billion sale to Dish
|
Cell phones, devices biggest driving distractions
|
ABC soap All My Children to live on, online
|
Hack job! Murdoch axes paper to save deal
|
Elizabeth Smart to join ABC on missing person stories
|
Yemen's Saleh appears on TV, offers to share power
|
China warns U.S. officials not to meet Dalai Lama
|
Italy's Berlusconi exposes NATO rifts over Libya
|
Roof collapse at FC Twente soccer stadium kills one, injures 16
Karachi's ethnic, political violence kills 70 in three days
|
Syrian forces storm suburb; ambassador in Hama
|
U.N. should stay in volatile parts of Sudan: U.S.
|
As Egypt change drags on, some praise Mubarak
|
Deron Williams to reportedly consider playing in Turkey
Mets star Jose Reyes placed in 15-day DL with injured hamstring
Analysis: Summer to test Japan resolve over nuclear power
|
QB Kerry Collins calls it quits after 16 seasons
Special Report: Can Malaysia reform and discriminate?
|
Yemeni president makes first public appearance since bomb attack
Colts Hall of Fame tight end John Mackey dead at 69
SEC charges JPMorgan with rigging municipal bond deals
NYSE Euronext stockholders approve merger with Deutsche Boerse
UCLA Health System Pays $865,000 to Settle Celebrity Privacy Allegations
Martha Stewart's New Series Premieres This Month
Google's Schmidt sees room for several social networks
|
Twitter security lags some other sites: experts
|
Proxy firm unimpressed by RIM promise about board
|
Fans, stars, Hollywood say farewell to Harry Potter
|
Murdoch axes paper, British PM's aide faces arrest
|
Fifty-three feared dead in DR Congo plane crash
|
Sudan recognizes independence of oil-rich south
|
Free fishing events in Ontario to conclude this weekend
Egyptians rally to demand swifter reforms, justice
|
Peeping Tom jailed for secretly taping 260 women
Lawsuits predicted as New York towns ponder whether to block fracking
Hugh Grant helps shutter News of the World tabloid
No quick fix to east Libya woes as war drags on
|
Dead alligator goes for a ride
More urban poor depending on food subsidies
Beyond the euphoria of Southern independence
ABC says 'Children,' 'One Life' to live online
Ex-News of the World royal editor arrested
|
Michigan murder suspect kills self
200 activists blocked from Israel flights: police
|
Nature's fury takes 58 lives in Nepal since May 15
Google to cooperate in antitrust review: Schmidt
|
Greenlight Capital sells Yahoo stake: source
|
Baidu realigns business lines, senior exec to leave
|
Chris Young retires hat, readies album and tour
|
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights